What is a Consumer Proposal

A consumer proposal is a debt solution that allows you to Reduce And Consolidate your debt. It is a formal process that allows you pay only a fraction of what you owe and eliminate up to 70% of your debt load. The remaining balance, say 30%, is paid by way of one monthly payment that fits your budget. You don’t pay any interest or any additional fees.
Here is what happens:
1. It starts with a free confidential consultation with one of our Licensed Insolvency Trustee.
2. We deal with your creditors so you don’t have to.
3. You only pay a fraction of what you owe
4. You make one monthly payment that fits your budget, your family situation
5. You protect and keep your assets – house, vehicles, investments
6. You pay no interest, no up-front fees
7. Wage garnishments, collection calls and legal actions stop immediately
8. Creditors can be forced to discount their debt even though they may not want to

Consumer proposals are regulated and approved by the Canadian Federal Government and can only be filed by Licensed Insolvency Trustees like our professionals at Fontaine & Associates.